Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Changyou.com Limited    CYOU

CHANGYOU.COM LIMITED

(CYOU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Chinese internet company Sohu to take video-games subsidiary Changyou private

share with twitter share with LinkedIn share with facebook
share via e-mail
01/24/2020 | 05:28am EST

China-based internet company Sohu.com Ltd said on Friday it would take its majority-owned subsidiary Changyou.com private in an all-cash deal that values the company at about $579 million.

Changyou, which has a portfolio of mobile and computer games including Tian Long Ba Bu, began as a business unit of Sohu.com in 2003 and was later separated.

Sohu said it intends to fund the deal primarily through debt.

Under the agreement, Sohu will pay $10.8 for each Changyou American Depositary Share (ADS), which represents a premium of 82.4% to the closing price of Changyou ADS on Sept. 6, the last trading day prior to Sohu's proposal to take the company private.

Sohu, which provides multiple news and information services on mobile platforms including a news app and mobile news portal m.sohu.com, expects to close the deal in the second quarter of this year.

China Renaissance is serving as financial adviser to the Sohu Group for the deal.

(Reporting by Manojna Maddipatla in Bengaluru; Editing by Shailesh Kuber and Vinay Dwivedi)

Stocks mentioned in the article
ChangeLast1st jan.
CHANGYOU.COM LIMITED 0.00% 10.7 Delayed Quote.9.40%
INFORMATION SERVICES CORPORATION 0.00% 16.45 Delayed Quote.8.07%
SOHU.COM LIMITED -3.88% 9.92 Delayed Quote.-2.24%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CHANGYOU.COM LIMITED
02/07CHANGYOU COM : Provides Guidance Updates for Fourth Quarter 2019
PR
01/24CHANGYOU COM : Enters into a Definitive Agreement for Going-Private Transaction
AQ
01/24Chinese internet company Sohu to take video-games subsidiary Changyou private
RE
2019CHANGYOU COM : Reports Third Quarter 2019 Unaudited Financial Results
PR
2019CHANGYOU COM : to Report Third Quarter 2019 Financial Results on November 4, 201..
PR
2019CHANGYOU COM : Announces Formation of Independent Special Committee to Review Pr..
AQ
2019CHANGYOU COM : Announces Receipt of a Preliminary Non-Binding Proposal to Acquir..
PU
2019CHANGYOU COM : Reports Second Quarter 2019 Unaudited Financial Results
PR
2019CHANGYOU COM : to Report Second Quarter 2019 Financial Results on August 5, 2019
PR
2019CHANGYOU.COM LTD : Ex-dividend day for
FA
More news
Financials (USD)
Sales 2019 455 M
EBIT 2019 135 M
Net income 2019 121 M
Finance 2019 761 M
Yield 2019 29,3%
P/E ratio 2019 4,78x
P/E ratio 2020 5,45x
EV / Sales2019 -0,41x
EV / Sales2020 -0,74x
Capitalization 574 M
Chart CHANGYOU.COM LIMITED
Duration : Period :
Changyou.com Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHANGYOU.COM LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 10,20  $
Last Close Price 10,71  $
Spread / Highest target 0,84%
Spread / Average Target -4,76%
Spread / Lowest Target -6,63%
EPS Revisions
Managers
NameTitle
Dewen Chen Chief Executive Officer & Director
Charles Zhang Chairman
Xiao Jian Hong Chief Operating Officer
Yao Bin Wang Chief Financial Officer
Wendy Pan Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CHANGYOU.COM LIMITED9.40%574
ACTIVISION BLIZZARD4.86%47 870
NETEASE, INC.,12.51%42 864
NEXON CO., LTD.0.11%14 659
ZHEJIANG CENTURY HUATONG GROUP CO LTD--.--%12 428
WUHU SANQI INTRCTV ENT NTWK TCH GRP COLD--.--%11 423